Rangers would turn down £40m for Alfredo Morelos in January, according to outgoing chairman Dave King.

The Rangers chair stepped down at the end of an emotional AGM speech yesterday, in news which had fans celebrating the transformation King has helped bring around at Ibrox.

After the address, King fielded a number of questions from shareholders and journalists, with the future of Alfredo Morelos a hot topic of discussion.

Rangers chairman Dave King bowed out at Ibrox in an emotional speech yesterday. (Photo by Jeff J Mitchell/Getty Images)

“I would rather keep Alfredo. If they offered £40m and the manager came to me, I’d say my instinct would be to keep him,” said King [Scottish Sun].

“We know he’s going to score goals. My view is not to sell him under any circumstances and there would be no financial pressure whatsoever to sell Alfredo.

“I think I can safely say Alfredo will not be going anywhere in January. I’ve said to the manager, if you get offered £25m for him, £30m, I wouldn’t sell. You make your decision.

“I don’t want money in the bank. We’re here to win league titles.

“I made the point, we’re not like a mid-tier Premier League club who can trade players, make good money but are not under any pressure to win the league.

“The most important thing for us this year is to have the best shot at winning the league.”

According to Dave King Rangers should refuse to sell Alfredo Morelos for £40m. (Photo by Ian MacNicol/Getty Images)

King also made his position perfectly clear to Rangers themselves yesterday [RangersTV] and going by these comments the power is the hands of Steven Gerrard.

With the Ibrox boss saying that he was “100% sure” Morelos is going nowhere, it looks like the Colombian striker will be here until the end of the season at the very least.

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